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Old 01-17-2014, 12:00 PM
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Join Date: Jan 2014
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Business Asset Inactivity

I claimed a dumptruck on my 2011 return. Placed it in service on 01/01/2011 for my dirt hauling business. I did not work in 2012 for myself. I took a job through a company that offered benefits, etc. I have no income to report on schedule C, but have remaining depreciation to claim. I took $2,800 in 2011, no sec 179 and no bonus depreciation. I used MACRs 200 DB HY five years for the dumptruck. I have not disposed of the dumptruck and eventually plan on hauling dirt again part time once my full time job slows down. I am not sure if I should "retire" the asset for now or keep depreciating even though I have no self employment income. Do I have to file anything on my 2012 and 2013 returns for my business or just my W-2? I have not filed 2012 taxes yet.



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